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Using the market at a cost: How the introduction of green certificates in Sweden led to market inefficiencies

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  • Nilsson, Mats
  • Sundqvist, Thomas

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  • Nilsson, Mats & Sundqvist, Thomas, 2007. "Using the market at a cost: How the introduction of green certificates in Sweden led to market inefficiencies," Utilities Policy, Elsevier, vol. 15(1), pages 49-59, March.
    • Handle: RePEc:eee:juipol:v:15:y:2007:i:1:p:49-59
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    References listed on IDEAS

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    1. Ray Challen, 2000. "Institutions, Transaction Costs and Environmental Policy," Books, Edward Elgar Publishing, number 1961.
    2. McCann, Laura & Colby, Bonnie & Easter, K. William & Kasterine, Alexander & Kuperan, K.V., 2005. "Transaction cost measurement for evaluating environmental policies," Ecological Economics, Elsevier, vol. 52(4), pages 527-542, March.
    3. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
    4. Brennan, Timothy J., 2002. "Preventing Monopoly or Discouraging Competition? The Perils of Price-Cost Tests for Market Power in Electricity," Discussion Papers 10804, Resources for the Future.
    5. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    6. Jaffe, Adam B. & Newell, Richard G. & Stavins, Robert N., 2005. "A tale of two market failures: Technology and environmental policy," Ecological Economics, Elsevier, vol. 54(2-3), pages 164-174, August.
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    Cited by:

    1. Reinhard Madlener & Ilja Neustadt, 2010. "Renewable energy policy in the presence of innovation: does government pre-commitment matter?," SOI - Working Papers 1010, Socioeconomic Institute - University of Zurich.
    2. Raadal, Hanne Lerche & Dotzauer, Erik & Hanssen, Ole Jørgen & Kildal, Hans Petter, 2012. "The interaction between Electricity Disclosure and Tradable Green Certificates," Energy Policy, Elsevier, vol. 42(C), pages 419-428.
    3. Xin-gang, Zhao & Tian-tian, Feng & Lu, Cui & Xia, Feng, 2014. "The barriers and institutional arrangements of the implementation of renewable portfolio standard: A perspective of China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 371-380.
    4. Currier, Kevin M. & Rassouli-Currier, Susanne, 2018. "Producer incentives in electricity markets with green quotas and tradable certificates," Utilities Policy, Elsevier, vol. 55(C), pages 59-68.
    5. Zheng, Jiajia & Wang, Xingwu, 2021. "Can mobile information communication technologies (ICTs) promote the development of renewables?-evidence from seven countries," Energy Policy, Elsevier, vol. 149(C).
    6. Wang, Lin & Li, Ke, 2022. "Research on renewable energy consumption and emission reduction in power market based on bi-level decision making in China," Energy, Elsevier, vol. 260(C).
    7. Pyung-Hoi Koo, 2022. "A Capacity Cost-Sharing Contract for a Two-Stage Supply Chain with a Risk-Averse Supplier under a Bargaining Power," Sustainability, MDPI, vol. 14(4), pages 1-17, February.
    8. Shahab, Sina & Clinch, J. Peter & O’Neill, Eoin, 2018. "Accounting for transaction costs in planning policy evaluation," Land Use Policy, Elsevier, vol. 70(C), pages 263-272.
    9. Zamfir, Andreea & Colesca, Sofia Elena & Corbos, Razvan-Andrei, 2016. "Public policies to support the development of renewable energy in Romania: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 87-106.
    10. Shahab, Sina & Clinch, J. Peter & O'Neill, Eoin, 2019. "An Analysis of the Factors Influencing Transaction Costs in Transferable Development Rights Programmes," Ecological Economics, Elsevier, vol. 156(C), pages 409-419.
    11. Lundmark, Robert, 2022. "Time-adjusted transaction costs for energy renovations for single-family house-owners," Energy Economics, Elsevier, vol. 114(C).
    12. Helgesen, Per Ivar & Tomasgard, Asgeir, 2018. "An equilibrium market power model for power markets and tradable green certificates, including Kirchhoff's Laws and Nash-Cournot competition," Energy Economics, Elsevier, vol. 70(C), pages 270-288.
    13. Sina Shahab & Leonhard K. Lades, 2020. "Sludge and Transaction Costs," Working Papers 202007, Geary Institute, University College Dublin.
    14. Coggan, Anthea & Whitten, Stuart M. & Bennett, Jeff, 2010. "Influences of transaction costs in environmental policy," Ecological Economics, Elsevier, vol. 69(9), pages 1777-1784, July.
    15. Fangyuan Zhao & Xin Guo & Wai Kin (Victor) Chan, 2020. "Individual Green Certificates on Blockchain: A Simulation Approach," Sustainability, MDPI, vol. 12(9), pages 1-32, May.
    16. Mundaca, Luis & Román, Rocio & Cansino, José M., 2015. "Towards a Green Energy Economy? A macroeconomic-climate evaluation of Sweden’s CO2 emissions," Applied Energy, Elsevier, vol. 148(C), pages 196-209.
    17. Wang, Yunfei & Li, Jinke & O'Leary, Nigel & Shao, Jing, 2024. "Excess demand or excess supply? A comparison of renewable energy certificate markets in the United Kingdom and Australia," Utilities Policy, Elsevier, vol. 86(C).

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